B. Riley Securities Maintains Buy on Axcelis Technologies, Lowers Price Target to $165
Portfolio Pulse from Benzinga Newsdesk
B. Riley Securities analyst Craig Ellis maintains a Buy rating on Axcelis Technologies (ACLS) but lowers the price target from $180 to $165.

February 09, 2024 | 4:06 pm
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NEUTRAL IMPACT
B. Riley Securities maintains a Buy rating on Axcelis Technologies but lowers the price target from $180 to $165.
While the reduction in price target from $180 to $165 could suggest a tempered outlook on Axcelis Technologies' future stock performance, the maintenance of a Buy rating indicates continued confidence in the company's fundamentals. This mixed signal might lead to short-term uncertainty among investors, potentially stabilizing the stock price as the market digests the implications.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100